The pound was the currency of
New Brunswick
New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and ...
until 1860. It was divided into 20 ''
shillings'', each of 12 ''
pence'', with the dollar (initially the
Spanish dollar
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content ...
) circulating at a value of 5/– (the
Halifax rating
The Halifax rating was a valuation of the Spanish dollar in the £sd accounting system. It set the Spanish dollar at a value of 5 shillings (60 pence) and was established c.1750 in Halifax, Nova Scotia. The rating was set 6 pence higher than the a ...
).
History
In 1852, New Brunswick adopted the same standard for its pound as the
Province of Canada
The Province of Canada (or the United Province of Canada or the United Canadas) was a British colony in North America from 1841 to 1867. Its formation reflected recommendations made by John Lambton, 1st Earl of Durham, in the Report on th ...
was using,
[ A History of the Canadian Dollar] with £1
stg. = £1.4s.4d local currency (see
Canadian pound
The pound (symbol £) was the currency of the Canadas until 1858. It was subdivided into 20 ''shillings'' (s), each of 12 ''pence'' (d). In Lower Canada, the '' sou'' was used, worth penny. Although the £sd accounting system had its origins in ...
). The pound was replaced by the
dollar
Dollar is the name of more than 20 currencies. They include the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, ...
in 1860, at a rate of 1 dollar = 5 shillings.
Coins
In addition to
sterling coin and Spanish dollars, copper tokens were issued in 1834 and 1854 in denominations of d and 1d.
Banknotes
Five
chartered banks issued notes, the ''Bank of Fredericton'' (1837-1838), the ''Bank of New Brunswick'' (1820-1860), the ''Central Bank of New Brunswick'' (1847-1860), the ''Charlotte County Bank'' (1852-1859) and the ''Commercial Bank of New Brunswick'' (1837-1860). Denominations issued were 5/–, 7/– and 10/–, £1, £2, £3, £5, £10 and £25. Some of the Bank of New Brunswick and Central Bank of New Brunswick's notes also bore the denomination in dollars.
See also
*
New Brunswick dollar
References
*
*
{{Pound (currency)
Currencies of Canada
Modern obsolete currencies
Defunct companies of New Brunswick
1860 disestablishments
Economy of New Brunswick